Paul Ryan is against cutting the deficit

[CandySlice]

Clearly you don't have a clue as to what a deficit is or how cutting the deficit works. Maybe I can explain it.

You have a job and you make xxx number of dollars a month. But you spend xxxx dollars a month. You are able to do this because you make up your deficit by using credit cards. When you max out your credit cards, you get a new credit card which now is used to make the payments on the old maxed out credit cards. You are living on your deficit. At some point, a lender will not give you a new credit card. Your debt to income ratio is too high. You are told to reduce your debt. This is what happened to Spain and Greece. As an individual you might take steps to stop deficit spending. You might not go to the movies or out to dinner, the old coat will have to do one more year and you pay down your debt. In order to reduce your deficit you MUST stop spending. You cannot reduce your debt until you first stop the current level of spending. You also cannot cut your deficit by going off a fiscal cliff and quitting your job. You might work overtime instead.

Ryan understand this. Before the deficit can be addressed, the fiscal cliff of higher taxes and increased spending has to be avoided. After that we can talk about deficit reduction. In reality, we might not need to address deficit reduction because we will already be reducing it. Just like you would be paying down your credit cards.

Pearls before swine, Im afraid.

It really is a shame that people do not understand that the crisis in Greece and Spain forcing them to reduce spending happened when the EU refused to lend these countries any more money unless they came up with a reduced spending plan.

And sooner or later you run out of other people's money.

 

[eflatminor]

And sooner or later you run out of other people's money.

The very heart of the problem with Socialism/Progressivism/Collectivism...or whatever one chooses to call it.

 

[ilia25]

So Paul Ryan is advocating a budget that balances the budget and cuts the deficit because he is against cutting the deficit? For some reason, I dont really see those as compatible.

That is how liars operate. Ryan is not against the deficit, he is just using it to score political points.

 

[ilia25]

You also cannot cut your deficit by going off a fiscal cliff... Ryan understand this. Before the deficit can be addressed, the fiscal cliff of higher taxes and increased spending has to be avoided.

You are wrong about the "Fiscal cliff". It consists of increased taxes and reduced spending. That is why its direct consequence will be cutting the deficit in half (yes, the deficit will be cut drastically if we are allowed to run off the fiscal cliff).

The reason Ryan is opposing that is that cutting deficit right now would prolong the depression -- more people will lose their jobs, others will stay unemployed longer. Which is the same reason Obama have not cut the deficits earlier.

Therefore Ryan is a hypocritical liar -- he criticizes Obama for the same policy that he is advocating for himself.